The rent prices in real estate in Cleveland, in the Ohio region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Cleveland has fallen during the last 6 months. In September, the average price per sq.feet was $1.33. In October this price barely changed remaining at $1.35 per sq.feet. The price for the following two months in (November, December) fell 90 % with regard to the previous two months. The price per sq.feet has fallen 91 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.27 to $1.15 during January, and February.
When referring to the price in Cleveland (cities), this has fallen in the last 6 months. In our first sample month during September, the average price is $1,237. In October This price remains at $1,227. In the following two months the average price has hardly changed with regard to the previous two months from $1,232 to $1,176.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $1,204.25 to $1,143.5 in January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,175 they are 16 % more affordable than the average price for Cleveland . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,310.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.14 / sq.feet price in Cleveland. The properties with the most expensive average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.08 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,175 it is 17 % more affordable than the average price in Cleveland. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Detached House". At a price of $2,035 it is 94 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $1.06 / sq.feet followed by "House" priced at $1.07 / sq.feet. "Land" is the most expensive type of property with a $2.12 / sq.feet value followed by "Detached House" with an average price of $1.25 / sq.feet.